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Remarks at the Reserve Bank Board Dinner

· Philip Lowe, Governor of the Reserve Bank of Australia (Australia)

Summary written by Dark Majestic in its own words · topics: inflation and price stability

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· Philip Lowe Wiki · Reserve Bank of Australia WikiRemarks at the Reserve Bank Board Dinner

ContextRemarks at the Reserve Bank Board dinner in Perth; the Reserve Bank of Australia pursues low inflation and full employment and meets local business leaders.

Why it mattersLowe keeps further hikes possible as inflation stays too high.

Problems raised
  1. Inflation remains too high.
  2. The pandemic disrupted Board meetings.
  3. The economy is uncertain.
Solutions proposed
  1. Tighten further if needed.
  2. Engage with regional communities.
  3. Return inflation to target.
Read full speech on bis.org ↗

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